RFEM vs. ALTY
Compare and contrast key facts about First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) and Global X Alternative Income ETF (ALTY).
RFEM and ALTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFEM is an actively managed fund by First Trust. It was launched on Jun 14, 2016. ALTY is a passively managed fund by Global X that tracks the performance of the Indxx SuperDividend Alternatives Index. It was launched on Jul 14, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RFEM or ALTY.
Key characteristics
| RFEM | ALTY | |
|---|---|---|
| YTD Return | 9.70% | 11.66% |
| 1Y Return | 16.62% | 17.22% |
| 3Y Return (Ann) | 2.27% | 2.95% |
| 5Y Return (Ann) | 4.79% | 3.70% |
| Sharpe Ratio | 1.09 | 2.22 |
| Sortino Ratio | 1.58 | 3.09 |
| Omega Ratio | 1.20 | 1.42 |
| Calmar Ratio | 0.94 | 2.24 |
| Martin Ratio | 5.31 | 15.65 |
| Ulcer Index | 3.20% | 1.14% |
| Daily Std Dev | 15.55% | 8.05% |
| Max Drawdown | -42.22% | -51.47% |
| Current Drawdown | -8.84% | -1.16% |
Correlation
The correlation between RFEM and ALTY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RFEM vs. ALTY - Performance Comparison
In the year-to-date period, RFEM achieves a 9.70% return, which is significantly lower than ALTY's 11.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RFEM vs. ALTY - Expense Ratio Comparison
RFEM has a 0.95% expense ratio, which is higher than ALTY's 0.50% expense ratio.
Risk-Adjusted Performance
RFEM vs. ALTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) and Global X Alternative Income ETF (ALTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
RFEM vs. ALTY - Dividend Comparison
RFEM's dividend yield for the trailing twelve months is around 2.64%, less than ALTY's 7.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFEM First Trust RiverFront Dynamic Emerging Markets ETF | 2.64% | 3.28% | 7.74% | 3.21% | 1.22% | 3.75% | 2.37% | 1.62% | 3.73% | 0.00% |
ALTY Global X Alternative Income ETF | 7.09% | 7.29% | 7.66% | 6.90% | 9.21% | 8.75% | 8.48% | 7.54% | 8.22% | 4.22% |
Drawdowns
RFEM vs. ALTY - Drawdown Comparison
The maximum RFEM drawdown since its inception was -42.22%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for RFEM and ALTY. For additional features, visit the drawdowns tool.
Volatility
RFEM vs. ALTY - Volatility Comparison
First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) has a higher volatility of 4.16% compared to Global X Alternative Income ETF (ALTY) at 2.15%. This indicates that RFEM's price experiences larger fluctuations and is considered to be riskier than ALTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.